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March 18, 2026The Accounting Review

The Realization Concept.

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Authors

HJHarold Bierman Jr.HBHomer A. BlackFlorida State UniversityJGJack GrayColumbus State University

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Implication

Committee highlights challenges in defining realization for financial reporting and investor use.

Key Points

  • This article examines the concept of realization in accounting, focusing on asset and revenue recognition.
  • Analyzed discussions from the 1964 Concepts and Standards Research Study Committee.
  • Reviewed the 1957 Revision statement on realization.
  • Considered implications for investors using financial statements.
  • Agreement on the significance of distinguishing between realized and unrealized changes in value.
  • Emphasis on the role of financial statements in investment decision-making.
  • Acknowledgment of challenges in creating a universally applicable definition of realization.

Cite This Study

Jr. et al. (1965) studied this question.

synapsesocial.com/papers/69ba42ae4e9516ffd37a3362https://doi.org/10.2308/tar-4493537
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Observations Concerning the Realization Concept.1965
  2. 2How Should We Interpret the Realization Concept?1965
  3. 3A Practitioner's View of the Realization Concept.1965
  4. 4The Concept of Realization: A Useful Device.1966
  5. 5LEGAL BACKGROUND FOR THE ACCOUNTING CONCEPT OF REALIZATION.1963